MGM REVENUE TANKS IN FOURTH QUARTER. The casino operator reported a 53-percent drop in revenue for the period, collecting...
Tag Archive for: feb 16 2021
L’OREAL PARROTS TRENDS JOURNAL’S “ROARING 2021”
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 16 2021, 1The world’s largest cosmetics manufacturer is predicting “a fiesta of make-up and fragrances” once the COVID pandemic subsides, similar...
COCA-COLA POSTS NEGATIVE FOURTH QUARTER
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 16 2021, 3Coca-Cola reported shrinkage in both revenue and profits for 2020's fourth quarter, with a global sales volume of 3...
HONG KONG TO REMAIN FINANCIAL HUB, BLACKROCK SAYS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 16 2021, 2Despite the political upset, Hong Kong will remain a key power center that will play a central role in...
U.K. TRADE WITH EUROPE TANGLED IN BUREAUCRACY
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 16 2021, 5As they struggle to trade goods with European businesses, British companies find themselves lost in a maze of unfamiliar...
BRITAIN NO LONGER “EUROPE’S WALL ST.” AFTER BREXIT
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 16 2021, 1An average of €9.2 billion in stocks was traded in Amsterdam's equities markets last month, a fourfold increase since...
BRITAIN’S 2020 CONTRACTION WORST IN 300 YEARS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 16 2021, 1The U.K.’s economy shrank 9.9 percent in 2020, according to the kingdom’s Office of National Statistics. The Bank of...
Germany’s central bank sees prices in the country rising more than 3 percent this year and will raise interest...
Expecting an economic recovery to boost demand for everything from concrete to rare earth minerals, investors are bidding up...
INVESTORS FLOOD STOCK MARKETS WITH CASH
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 16 2021, 5During the week of 8 February, investors plowed a record $58 billion into stock funds around the world, including...
EUROPEAN UNION’S RECOVERY OUTLOOK IMPROVES
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 16 2021, 0Europe’s economy will grow 3.8 percent this year and next, the European Commission has predicted. The figure for 2021...
Over the 20 trading days ending 11 February, an average of 15.8 billion shares was traded on U.S. equity...
“REDDIT RALLY” HEARINGS IN CONGRESS LIKELY TO PROTECT WALL ST.
Support, , SPECIAL REPORT: GAMESTOP by Joe Doran, feb 16 2021, 1Congress is set to hold “Reddit Rally” hearings on 18 February, concerning the GameStop stock saga. The question is,...
“NO FEE” TRADING APPS CHANGING THE FINANCIAL LANDSCAPE
Support, , SPECIAL REPORT: GAMESTOP by Joe Doran, feb 16 2021, 0Commission-fee trading on phone apps is transforming the stock industry, according to analysts. But they claim the new paradigm...
PRIVATE EQUITY FIRM IN TALKS TO BUY ANOTHER HOSPITAL CHAIN
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, feb 16 2021, 0Nashville-based LifePoint Health, a company with 80 rural hospitals and owned by private equity firm Apollo Asset Management, is...
BIDEN KEEPS TRUMP TARIFFS ON EUROPEAN FOODS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, feb 16 2021, 7The Biden administration will keep existing tariffs in place for now on some European wines, cheeses, and other foods,...
SALESFORCE.COM TO PERMANENTLY SHRINK ITS OFFICE SPACE
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, feb 16 2021, 0Software company Salesforce.com will expect at least 65 percent of its 54,000 employees to be in its corporate offices...
COMPANIES DELAY RECALLING OFFICE WORKERS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, feb 16 2021, 3Disappointed with the speed of the vaccine rollout, companies across America have canceled plans to recall employees to their...
TRUCKING COMPANIES DECIMATED BY LOCKDOWNS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, feb 16 2021, 2In 2020, 3,140 U.S. trucking businesses shut down, 185 percent more than in 2019, according to Broughton Capital. More...